Oxford Commercial Property Consultancy News

According to the recent Reuters article British commercial property values rose at their slowest rate for three months in January.

The article said "The value of British commercial assets grew 0.25 percent in January compared with December, MSCI's IPD real estate index showed, as a recovery from declines seen immediately after Britain's June 23 Brexit referendum appeared to lose steam.

Although prices have held up better than expected since the vote, analysts have warned values could fall this year as uncertainty over the path of Britain's EU exit and its economic future dampen sentiment among buyers and occupiers

Some financial firms, among the biggest users of office space in London, have warned they could move jobs overseas over concerns about their ability to service EU clients once Britain leaves the bloc.

HSBC and UBS have said they could each move about 1,000 jobs out of London.